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02.11 - 15:25
FCA report reveals competition and social media drive crypto investment in the UK
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Owing to the volatile nature and a lack of awareness prevalent within the crypto industry, investors view cryptocurrencies through varied investment strategies. While many consider more established digital assets like Bitcoin and Ether to be investments with long-term potential for appreciation, many others consider all digital assets to be a “get rich quick scheme.”
As per a recent survey by UK’s Financial Conduct Authority, a majority of these investment decisions among younger people are driven by competition and hype caused by social media and news. The report surveyed 1,000 investors in the UK falling between the 18-40 age bracket.
This makes sense as almost 75% of British investors fall within this age group, according to an earlier
Read more on ambcrypto.comAbout this in other media
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